I figure that at an annual rate of usage in Uganda of 300,000 tons, 8.5 tons represents about 28 years of possible production.
If the product were sold at say $650 per ton instead of the current $750 per ton, that would represent potential gross profits of $150,000,000 per year. That's assuming costs of production of $150 per ton and sales of 300,000 tons. It is conceivable that consumption would go up considerably as cost goes down. So, if consumption rose to say 400,000 tons (assuming the mine can get geared up to produce that much), and it were sold for $500 per ton, then gross prifit might rise to as much as $200,000,000! Not too shabby. Not shabby at all!!! (So, where are my numbers wrong?? Must be something wrong.
Can't possibly be that good. Can it??) |
